Robert Guthridge's Blog

I have remodeled hundreds of homes over the years that I owned as rentals, flips, or even helped the banks sell. I was not the one doing the work but I hired the contractors and figured out what the best designs would be with some help from my project manager. One thing I have seen ... Read more from RSSMix.com Mix ID 8230700 https://ift.tt/2V2jz1c via IFTTT

Making one million dollars a year is not as impressive as it was in the past thanks to inflation. However, it is still a goal for many people and many people consider millionaires to be “rich”. To qualify as a millionaire you simply have to have one million dollars in net worth, which is not ... Read more from RSSMix.com Mix ID 8230700 https://ift.tt/3mCvqi2 via IFTTT

Many people think starting a business is a very difficult and involved process. You have to think of a brilliant idea, then figure how to implement that idea before anyone else does. You must have a ton of capital to get the business started and it might take years and years for the business to ... Read more from RSSMix.com Mix ID 8230700 https://ift.tt/3iO5ZYi via IFTTT

Who would have thought that a first in a generation pandemic would actually be a good thing for housing values? While the economy is facing new challenges including major supply chain issues (just look at the shipping costs for containers from Asia to the US) you start to realize that there has been a massive […] from RSSMix.com Mix ID 8230700 https://ift.tt/37GdHxx via IFTTT

I am a strong advocate that investors should buy rental properties for cash flow and not appreciation. Appreciation is a nice bonus but it is really risky buying properties that do not make money! Another question an investor must ask themselves is how much cash flow is needed on their rental properties? How much cash ... Read more from RSSMix.com Mix ID 8230700 https://ift.tt/3yEVwE8 via IFTTT

One of the most common problems people have qualifying for a personal house or investment property is a high debt-to-income (DTI) ratio. Most lenders will want to see a debt-to-income ratio of 45 percent or lower. If your debt-to-income ratio is higher than this, it will be very hard to qualify for a loan. I ... Read more from RSSMix.com Mix ID 8230700 https://ift.tt/3fqx0Po via IFTTT